Oct. 1 (Bloomberg) -- The following stocks may rise or fall in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close.
The Tadawul All Share Index lost 0.3 percent to 6,112.37 on Sept. 28.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The Saudi Arabian contracting company renewed a 901.5 million-riyal ($240 million) Islamic facilities agreement with Riyad Bank on Sept. 28. The shares declined 0.4 percent to 63.75 riyals.
Kingdom Holding Co. (KINGDOM AB): The company controlled by Saudi billionaire Prince Alwaleed bin Talal and Bahrain Telecom Co. said they won’t proceed with an offer to buy a 25 percent stake in Zain Saudi Arabia (ZAINKSA AB), the kingdom’s third- largest mobile-phone company by market value, for $950 million. Kingdom’s shares rose 0.7 percent to 7.38 riyals. Zain Saudi’s shares gained 0.8 percent to 6.25 riyals.
Saudi Basic Industries Corp. (SABIC AB): The world’s largest petrochemicals company’s unit Sabic Innovative Plastics had its ratings withdrawn by Moody’s Investors Service. The shares dropped 0.3 percent to 92.50 riyals.
Saudi Kayan Petrochemical Co. (KAYAN AB): The unit of Saudi Basic Industries Corp. began commercial operations at most of its main plants in Jubail Industrial City today. The start of commercial operations at six plants will have a financial impact on the company in the fourth quarter, Kayan said. The shares were unchanged at 17 riyals.
--Editors: Steve Bailey, Torrey Clark
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